Back when he agreed to advise the Obama administration on economics,
General Electric CEO Jeff Immelt told friends that he thought it would
be good for GE and good for the country. A life-long Republican, Immelt
said he believed he could at the very least moderate the president’s
distinctly anti-business instincts.
That was three years ago; these days Immelt is telling friends something quite different.

Sure, GE has managed to feast on federal subsidies, particularly the “green-energy” giveaways that are Obamanomics’ hallmark.

But
Immelt doesn’t think he’s had anywhere near as much luck moderating the
president’s fat-cat-bashing, left-leaning economic agenda of taxing
businesses and entrepreneurs to pay for government bloat.

Friends describe Immelt as privately dismayed that, even after three
years on the job, President Obama hasn’t moved to the center, but
instead further left. The GE CEO, I’m told, is appalled by everything
from the president’s class-warfare rhetoric to his continued belief that
big government is the key to economic salvation.

Or, as one friend recently put it to me, “Jeff thought he could make a difference, and now realizes he couldn’t.”

Immelt’s
conversion from public Obama supporter to a private detractor is
important: It shows how even businessmen who feast off his subsidies
worry about his overall economic agenda and its long-term impact on the
economy...MORE

Why does this guy still have a job?
Performance?
Pick any time period since Immelt got the top spot at GE and compare it to the Dow Jones Industrial Average.
Here's the 5-year: